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Hungary's Biggest Bank CEO Calls for Euro Adoption and Predictability

Hungary's Biggest Bank CEO Calls for Euro Adoption and Predictability

Bloomberg17-07-2025
The new chief executive officer of Hungary's largest lender called for the adoption of the euro and for an end to ad-hoc policymaking under Prime Minister Viktor Orban that has sapped investor confidence and dented valuations.
Hungary, whose economy has been in-and-out of recession since the pandemic, has 'decoupled' from eastern Europe by now, said Peter Csanyi, who took over the management of OTP Bank Nyrt. in May. It would be a 'small surprise' if the government met its downwardly revised 0.8% growth target for this year, he said.
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